AMC Entertainment (NYSE:AMC) Shares Gap Up Following Analyst Upgrade

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares gapped up before the market opened on Wednesday after Texas Capital upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $1.96, but opened at $2.0450. AMC Entertainment shares last traded at $2.0450, with a volume of 18,001,098 shares traded.

A number of other equities analysts have also commented on AMC. B. Riley Financial reiterated a “buy” rating on shares of AMC Entertainment in a report on Thursday, June 11th. Citigroup increased their price objective on AMC Entertainment from $1.10 to $1.20 and gave the company a “sell” rating in a report on Thursday, May 7th. Weiss Ratings raised AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Wall Street Zen raised AMC Entertainment from a “strong sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Roth Capital set a $1.50 target price on AMC Entertainment in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, AMC Entertainment presently has an average rating of “Hold” and a consensus price target of $1.80.

Insider Transactions at AMC Entertainment

In other AMC Entertainment news, CEO Adam M. Aron purchased 250,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were purchased at an average cost of $1.38 per share, for a total transaction of $345,000.00. Following the acquisition, the chief executive officer owned 2,437,020 shares of the company’s stock, valued at approximately $3,363,087.60. This represents a 11.43% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AMC. Pitcairn Co. acquired a new stake in AMC Entertainment in the second quarter worth $34,000. One Capital Management LLC bought a new stake in AMC Entertainment in the third quarter valued at $44,000. Swiss Life Asset Management Ltd increased its stake in AMC Entertainment by 59.5% in the third quarter. Swiss Life Asset Management Ltd now owns 17,512 shares of the company’s stock valued at $51,000 after purchasing an additional 6,536 shares in the last quarter. Triumph Capital Management raised its holdings in shares of AMC Entertainment by 139.0% during the fourth quarter. Triumph Capital Management now owns 19,000 shares of the company’s stock valued at $30,000 after purchasing an additional 11,050 shares during the period. Finally, Voleon Capital Management LP acquired a new position in shares of AMC Entertainment during the third quarter valued at about $59,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Trading Down 0.2%

The company has a market cap of $1.84 billion, a P/E ratio of -1.95 and a beta of 2.08. The stock’s 50-day moving average price is $1.89 and its 200-day moving average price is $1.55.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Tuesday, May 5th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.04). The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $979.19 million. During the same period last year, the firm earned ($0.58) earnings per share. AMC Entertainment’s quarterly revenue was up 21.2% compared to the same quarter last year. On average, research analysts anticipate that AMC Entertainment Holdings, Inc. will post -0.35 earnings per share for the current fiscal year.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc operates as a leading movie exhibition company, specializing in the presentation of theatrical motion pictures across a network of multiplex cinemas. The company’s core business activities encompass ticket sales, concession and refreshment services, and the licensing of premium viewing formats. AMC offers a variety of auditorium experiences, including IMAX®, Dolby Cinema™, and Cinemark’s RealD 3D systems, designed to enhance audience engagement through superior sound, visual clarity, and seating comfort.

Originally founded in 1920 with its first theatre in Kansas City, AMC has evolved into one of the largest theater chains in the world.